343PG on Nostr: Been off Nostr for a while but have been continuing to update Recent recovery has ...
Been off Nostr for a while but have been continuing to update
https://mstr.rip/Recent recovery has seen MSTR recover to "only" $3.2bn down total on the prefs, and Strive $176m down.
MSTR average BTC purchase price plus dividends paid to date puts the breakeven price at $97,200, and Strive at $99,300. The similarities don't end there - looking at the current value of BTC bought via the issuance, vs overall obligations, MSTR sit at just under 80%, Strive at just under 78%.
Strive is ripping but MSTR is still muted - and the reason may be that the market knows they are still massively in the hole for STRC, and the returns still need to show they can outpace the dividends. Once these figures get to breakeven (at which point of course STRC would be well back at par) - watch out.
Comments welcomed on the site - to my knowledge noone else is tracking this vital metric of the prefs and whether they can pay their way for the common shareholders of these companies.
Published at
2026-08-22 20:49:20 UTCEvent JSON
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"content": "Been off Nostr for a while but have been continuing to update https://mstr.rip/\n\nRecent recovery has seen MSTR recover to \"only\" $3.2bn down total on the prefs, and Strive $176m down.\n\nMSTR average BTC purchase price plus dividends paid to date puts the breakeven price at $97,200, and Strive at $99,300. The similarities don't end there - looking at the current value of BTC bought via the issuance, vs overall obligations, MSTR sit at just under 80%, Strive at just under 78%.\n\nStrive is ripping but MSTR is still muted - and the reason may be that the market knows they are still massively in the hole for STRC, and the returns still need to show they can outpace the dividends. Once these figures get to breakeven (at which point of course STRC would be well back at par) - watch out.\n\nComments welcomed on the site - to my knowledge noone else is tracking this vital metric of the prefs and whether they can pay their way for the common shareholders of these companies.",
"sig": "10c0a2053503e31c08407e1e492764006d19cccd0c5dd331d2a7d6df3188ff02fdb0e344fb63dfdc2dd71e81bbfaf814669592d81631c5c0e6d7cd1da6f12a6d"
}
